The question of 'what type of science is economics' has been discussed as early as the first mention of economics (first political economy and then economics) as a concept. This topic is discussed especially in the methodology and philosophy of economics studies, with varying answers depending on the approach. The prevailing view in social sciences is that economics is a positive science and should follow the methods used in natural sciences. This article does not particularly deal with such discussions. Our goal here is, without touching this issue much, to mention the art and social science aspects of economics, as well as to address agent-based computational economics (ACE)'s claim of performing realistic economics.
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